PRESS DIGEST- New York Times business news - Aug 23

Reuters Staff

3 Min Read

Aug 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- A Chinese court has ruled that three domestic shoemakers must pay New Balance $1.5 million in damages and legal costs for infringing the American sportswear company's signature slanting "N" logo, in what lawyers said was the largest trademark infringement award ever granted to a foreign business in China. nyti.ms/2vd3jYZ

- European antitrust regulators opened an in-depth investigation on Tuesday into Bayer AG's $56 billion deal for Monsanto Co, a transaction that would create the world's largest integrated pesticides and seeds company. nyti.ms/2g3YOx8

- According to two company officials, Fiat Chrysler Automobiles NV has been in discussions with a number of Chinese companies about potential equity investments or other deals involving its Ram pickup division and the Jeep brand. nyti.ms/2vXdnIr

- Last Wednesday, even as top executives were abandoning President Donald Trump's business advisory councils after his remarks on white supremacist violence in Charlottesville, other industry leaders were busy making their interests known to a business-friendly White House. nyti.ms/2vd9wEv

- Alphabet Inc's Google and Wal-Mart Stores Inc said Google would start offering Walmart products to people who shop on Google Express, the company's online shopping mall. It's the first time the world's biggest retailer has made its products available online in the United States outside of its own website. nyti.ms/2xr5BED

- ESPN has removed an announcer from its broadcast of the University of Virginia's first football game next month because he has the same name as a Confederate general memorialized in statues that are being taken down across the country. nyti.ms/2wCZOig (Compiled by Bengaluru newsroom)